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HomeMy WebLinkAboutKIN 42-1351 Borrowing By-law .--'... ,,' i'"I':e.' "--- ~,," ... '-Ifri-' 'J "~~;' 290 /J 51 \1" \1,\;. t' ; ~, / ~ " \'~; \' 1. ') I' 1, ~"'" /4ft/).v,( f '};,~~L" '-..-' ..-~. ./5~=~-~ .,~. ,~_.._------'~.. ~ i _~_'u~ , - " ' .--.. "'--------~'i~I'r~llTf~~'-'T l , , I ~ ,,"/ '. . \ \ , \ :\ ~ . , \ i . \ t, I) " ( . . '~-r y\ I \; 1 , "~ ". -:1 . ~- \ \ 1- , , , I I 11 --'j I ----- ' , i 1 , - t-t \ \ ...n"~~_:':1 ,--. .._._ ,-=~,U----:::71+~ ,I i ,-I - ' I .".--r ,.-j , i , . ._;',;-,-'"", ...:>." ; - .~- ./5~=~'~ __ _'... ,,' "\ ':e.' ~ , , ~'i~I'rTln~~'-'.;'l " " , 2. All sums borrowed from the said Bank, for any OfJlII 01 the purpOll88 mentioned In the said Section 339, shall, with Interest thereon, be a charge upon the whole of the revenullll of the Corporation for the current year and for all preceding years, as and when such revenues ars rscelved. . 3. The Trsasurer Is hereby authorized and directed to apply In payment of all sums borrowed pUr1luant to the authority of this By-law, as well as all other sums borrowed In this year and any previous year1l, from the said Bank for any or all of the purposes mentioned In the said Section 339, together with Interest thereon, all of the moneys hereafter collected or received on account or realized In respect of the taxas levied for the current year and preceding years and all of the moneys collected or received from any other source, which may lawfully be applied for such purpose, pas&ed thIS.........::i..#...........,......................dayOf...~...............19,:f.IZ ......,...~..IJ1~ .............u.;;;m~...c;~.. IE.S'I . I hereby certify that ~gOlng Is ~ true COpy of By-law No.. .................. of the Corpora- tion Of..~...~.~......In the Province of Ontario, duly pas&ed at a meeting of the Co~ii of the said Corporation duly held, and that the eald By-law Is In full force and effecL Dated thiS...........~........................day Of.t.~.~.............19..!:!..1, CORPORATE 8EA1. P<A wi tnesa the Seal of the Corporation. /; ,- ......,.........../Jz4:2lt~........," 1/ , ~ ,CIorIl. - ( CORPORATE 8E.lL s.ct.S3ll" Cloot" 264. A.&.0. ,,3'1. EXTRACTS FROM THE MUNICIPAl. ACT R.5'o. 1937. (I) A council may by by-law eIther boIore or altar the pualna of the by-law for Impoalno the ratea for the current year authorlm the hold 8Ild treUurer III borrow from time to time by way 01 promlaory nota auch auma as the council may deem .-.rY III meet, untll1he wee tnl colloclmd, the current expendlturea 01 the corporation lor the year,lncludlno the amounta required fonlnk1na fund, principal and Intareat lalllna due within the year upon any debt of the corporation, achool pur~, apeclal ratea pur~, 8Ild lor any board, commll8lOll or body 8Ild other pur~ for which the corporatlon Ia required by law III provide. (2) The amount which may be borrowed In 8IlY year lor the pur~ mentioned In IUbeIlCtlon t ahall not, ex""pt with the approval of the Municipal Board, elUlllllCl IOvsnty per Cllntum 01 thellltal amount 01 the 118tlmalmd revsnUlll of the corporation as I8t forth In the estlmatea adoptad for thO year. (3) Unlilsuch estimates tnl adopllld. the IImltatlon upon borrowing prescrlbod by lubellCtlon 2, ahall tam- porarllY be calculated upon thel8t1mallld revenues of the corporation as lOt lorth In tho eslimatea adopllld for the next plllClld1no year. (4) For the purpooos oIaubellClions 2 and 3 eatlmatad revenues shall not Include revsnUlll. derivable or dorlved lrom arreaR 01 taxM. borrowlnas and iasuea 01 debentu"'"' CUf",nt boffOWlnDl L1l'1'1ltupoft borfD'oIIIlngt temporarY arPHcatlOn o .Uma" 01 preoIdlng ,.11 Elclualon frorn_lImeted re.,.nUllo , , , I I 11 --'j I - ' , ! ,i , ...n'__"'~'_~" I ,--- ~;' ~~ ",~,r ~!' ~~.; f'''",-'' t'S:: I'": ' . 'Jl 011: l ( , _.to<." .' ""'':'': - -. - -- - ----.----.------ ~ i ;--i I i ' ; - - .. -- \-'\ \ \ \ T-"-"-"-- I . - __ I , I ..- . I \L i' . \\ ,L,i\r 1 l' II ""./' " " BY. LAW Authorlzlna tho ! '. I' , I , , ; ; i! Ii Ii I' , , I! , 11 I r:' t 'i I ... I " , I! \-ti , i .- I:' 1/ ",t . BANKOF MONTREAL ......"."..""....,.."":K.;,t,!),Q.!\,t~,~,I:l,!I"..9.n~,'..,,............,Branc/I Borrowlna 01 .,..~~,",9.Q.Q.A..................,........,..,.."......, For Current EKpondltureB lor 19........ BY .LAW No...U~J............,.............. MUNICIPAL CORPORATION OF Town of X1noprd1n. ,';, Dalild ..........~!.!!~.!r.t....~.!k!,.........................,....., 111..,~.;! ,L. r. II AlV. MalWl, 1ll38. , ....- ~ . - , ~ \" '---::'-r'-~\~'_" ' '", i ' \ l:' i i ; : ! - ~~~~,,~,-- .-. ; T, ';< - ./' .5.:J~ ~ .~ -_to< -" .' ""'':'': --- -. ----.-,----..----..----.--'-- ~ i ' ':T1\ \ \ " )F MONTREAL '"~u":l!l"..9.n~,'""....,,......,Branch ~Y.LAW Ihorlzlna tho 1.9.Q.Q.A...........................,,,..,,......., ondlturoB lor 19........ lIo...1::l~1...."...."..,,""',..., AL CORPORATION OF r lUnollrd1n. ,';, !~.!r.t....~.!~,........................",....., 111..,~.~ .!WI,Ill38. _O~'r'~r: I ~J " l. 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